Kuwait — Moody's Investors Service has changed the rating outlook on the Government of Kuwait to stable from negative. Concurrently, the long-term issuer rating has been affirmed at Aa2.

Qatar — Foreign investments into Qatar grew by a robust 11% year-on-year to QR537.3 billionwith foreign direct investments alone accounting for about one-fourth of them, according to the Ministry of Development Planning and Statistics.

Saudi Arabia — Saudi Aramco plans to spend $18 billion in the next five yearsto expand its operations in the Americas, focusing on its U.S. oil refining subsidiary Motiva Enterprises. Motiva called the $18 billion estimate "a general framework of opportunities" to increase refining capacity, branch into chemicals, and expand its commercial operations, marketing and branded presence in the next five years.

UAE — Abu Dhabi is showing signs of an economic recovery driven by government spending, a top government official said, adding that investment inflows had increased last year. Foreign direct investment in Abu Dhabi grew 8% to Dh95 billion in 2016, largely due to real estate investment inflows.

The Briefing

Weekly curated news, tips & opportunities for the global business community

Thanks! You are signed up to our briefing updates.

﻿

Sign up to Download:

Upon signing up to our newsletter, download link to will appear below immediately.

Download link: [PDF].

Sign up for IIG Monthly Updates

Sign up to our newsletter to keep up with the latest updates from IIG.

Thanks! You are signed up. You will be notified about our publication releases.